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News Link • Trump Administration

Trump Bars Purchases Of Debt, Receivables Owed To Venezuela, PDVSA

• by Tyler Durden

President Donald Trump escalated economic pressure on the Latin American nation with an executive order prohibiting purchases of debts owed to the government, including to the state-run oil company Petroleos de Venezuela, Bloomberg reported.

While both entities are now officially bankrupt, having failed to make several coupon and maturity payments in the recent past and triggering CDS, hardly leading to a burst in investors confidence even among those desperate to allocate "other people's money" into this particular hyperinflationary socialist paradise, the executive order - which covers all transactions on any debts owed to the Venezuelan government or state-owned enterprises including accounts receivable - will make funding of the Caracas regime by US-linked entities impossible.

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